1 / 10

Harley-Davidson Sec II Corporate Governance

Harley-Davidson Sec II Corporate Governance. Strategic Managers J. Brayall. Board of Directors- Vision . Stock rose 23,000% since going public (1986-2006 ) Core business - resonates w/ ‘motor heads & suits’ Graying of its prime sector (med age = 47 )

eadoin
Download Presentation

Harley-Davidson Sec II Corporate Governance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Harley-DavidsonSec II Corporate Governance Strategic Managers J. Brayall

  2. Board of Directors- Vision • Stock rose 23,000% since going public (1986-2006) • Core business - resonates w/ ‘motor heads & suits’ • Graying of its prime sector (med age = 47) • Shifting & tuning focus – younger/sports world riders • World expansion = XX digit growth, weakening N. American Ops • Grow brand in Latin America, Asia (India/China) & EU.

  3. Board - workings • Stock symbol = HOG • Director(Non mgt) AN retainer of $100K, at least ½ to be paid in common stock • Encourages SR Mgmt to interact w/ the Directors • Audit , HR, $Comp & Nominating & Corp Governance Cmtes = Independents • Furthering steps for compliance to enviro- emissions, noise & safety stnds- which positions it better for EU and Japanese mkts

  4. Board-Talent to the Table • Specialization & Experience (Core & Expansion) • Technical Engineering • Transportation & Logistics (SCM) • Dealer relationships • Recapitalization / Private to Public • M&A / Leveraged Buy-Outs / Corp Law • Financial • e-Busn, IT, TeleCom, Media • International Mkting & Merchandizing

  5. Top Management • 50% of all Harley employees ride the brand • CEO & Board’s direction to Mgmt- • intimately know customers • design / offer great products • operational excellence mfr’ing & Supply Chain Mgmt (SCM) • Direction to strengthen credit division (including franchising (wholesale & retail) income stream • ‘Top 100 Global Brands’ and in Fortune’s ‘Most Admired Companies’ and Forbes ‘Company of the Year’ • Mktconfidence buying back stock during a multi-year repurchase effort valued over $200M.

  6. Mgmt Press ( - ) • Mgmt Accused of stock manipulation- • forcing dealers to accept stock(book corp sales) • US dealers, 80% sold Harley’s exclusively - burdened to shoulder costs until sold more bikes • 2004- retiring CEO made $40M w/ pay & stock options • Several class action lawsuits filed (‘06) claiming Board & Mgmt fraud • Main Production – York, PA- (‘07) full contract strike

  7. Mgmt Makeup • Next to no info published regarding experience / backgrounds or $compensation for the Mgmt team • Harley’s By-Laws- Director & Mgmt Pay = cash & stocks; restricted, deferred & nonqualified options

  8. Profit / Income

  9. Capital / Debt / Equity

  10. Assets & Capital Expenditures

More Related